Comedian Brian Regan recounts: I was at the breakfast table this morning and I read in the newspaper that more and more adults are living at home with their parents. That surprised me, I was like “Mom did you read this?!?” Regardless of what their ever-so-clever children are doing, the somber truth is, more than…

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Last year, the IRS issued new regs on the tax treatment of amounts paid to acquire, produce, or improve tangible property, including your rental property. The regs explain when those payments can be deducted, which confers an immediate tax benefit, and when they must be capitalized. These final regs retain many provisions of the temporary…

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